Cost Accountant

Role:
Cost Accountant

Bonnell Industries is seeking an experienced and analytical Cost Accountant to join our team. In this role, you will be the driving force behind our product-cost visibility, providing accurate, timely, and actionable financial data across our manufacturing operations.

You will work cross‑functionally with Finance, Manufacturing, Engineering, Purchasing, Inventory Control, Sales, and Executive Leadership to ensure product costs and margins are accurate, manufacturing variances are understood, and cost‑saving opportunities are actively identified. If you have a strong background in standard costing, inventory accounting, and manufacturing variance analysis, we want to hear from you.

To provide Bonnell Industries with accurate, timely, and actionable manufacturing‑cost information that directly drives product profitability, inventory accuracy, pricing strategies, operational efficiency, and precise financial reporting.

• Calculate and maintain accurate product costs for manufactured parts, assemblies, finished equipment, service parts, and custom products.
• Analyze product margins by product line, customer, job, order, and business segment.
• Review actual manufacturing costs against standard costs and quoted expectations, identifying underperforming areas.
• Validate cost assumptions used in new‑product development, custom‑engineered products, and major customer quotations.
• Partner with Engineering and Manufacturing to review Bills of Material (BOMs) and production routings, ensuring costs reflect current manufacturing requirements and process changes.

• Analyze direct labor, direct material, manufacturing overhead, outside processing, and subcontracting costs.
• Evaluate material usage, scrap, rework, substitutions, purchase‑price changes, and overall material yield.
• Develop, maintain, and refine manufacturing overhead rates and allocation methodologies.
• Analyze the financial impact of production volume, labor utilization, equipment usage, overtime, and downtime.
• Collaborate with operational leaders to recommend improvements in labor reporting, material consumption tracking, and overhead allocation.

• Establish, maintain, and regularly update Bonnell’s standard costing system.
• Coordinate periodic and annual standard‑cost rollups for materials, labor, overhead, subcontracting, and outside processing.
• Review standard‑cost changes, maintain supporting documentation, and clearly communicate financial impacts to leadership.
• Review newly created part numbers and manufactured items to confirm accurate standards are established prior to production or shipment.

• Monitor and reconcile raw material, Work‑In‑Process (WIP), finished goods, service parts, and other inventory categories.
• Ensure all inventory is accurately valued in accordance with Generally Accepted Accounting Principles (GAAP) and company policies.
• Reconcile inventory subledgers to the general ledger and investigate discrepancies, negative inventory, or unusual transactions.
• Support cycle‑counting programs, annual physical inventories, and reconciliation activities.
• Analyze slow‑moving, excess, obsolete, and damaged inventory to recommend appropriate reserves and adjustments.
• Investigate WIP balances and work orders that remain open beyond normal production time frames.

• Experience: Proven accounting experience within a manufacturing or industrial environment.
• Technical Expertise: Strong working knowledge of standard costing systems, inventory valuation, BOMs, labor routings, and overhead allocation methodologies.
• Analytical
  
  Skills:
  
  Exceptional ability to conduct complex manufacturing variance analyses and translate data into actionable business insights.
• Collaboration: A proactive communicator who thrives working alongside engineering, plant floor operations, and executive leadership.
• Compliance: Thorough understanding of GAAP as it applies to inventory accounting and cost control.

Company: Bonnell Industries